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MondayNov 17, 2008 3:54 pm

November 17th CEOcast Weekly Newsletter

Companies featured in the current edition of the newsletter: CETG, CHIP, CNLG, CVM, ENZ, ETGF, FMTI, GCEH, GNBT, HYTM, ITUI, MBND, MNDL, PLKH, SRRY, TAGS, TKO, XCR There was little safe haven for investors last week as the market lost more ground due to a number of disappointing earnings reports and concerning economic releases. All of the major indices traded lower for the week as the Dow lost 446 points for the week, extending its annual loss to 35.9%. The Nasdaq fared no better, losing 131 points and increasing it year-to-date decline to 42.8%. The S&P dropped 58 points, equating…

MondayNov 17, 2008 2:16 pm

MedLink International Inc. (MLKNA.OB) is “One to Watch”

Headquartered in Islandia, New York, and trading on the OTCBB, MedLink International Inc.'s commitment is to provide the medical community with applications and services that ease the accessibility of information related to patient care through the creation of a secure environment. MedLink International markets their line of IT products and services through their partnerships in the medical community. The company creates the digital structure for the delivery of enhanced medical services for healthcare professionals globally. They do this through a suite of network, communication, management, financial, and value-added solutions using the MedLink Virtual Private Network (VPN). The MedLink VPN connects…

MondayNov 17, 2008 12:54 pm

China Industrial Waste Management Inc. (CIWT.OB) Reports 3rd Quarter 2008 Financial Results and Posts Revised Fiscal Year 2008 Guidance

China Industrial Waste Management, Inc. (CIWM) released its 3rd Quarter 2008 financial results today for the period ending September 30, 2008. Among the highlights, total revenues increased by $3,434,442 or 53 % for the nine months ended September 30, 2008 as compared to the nine months ended September 30, 2007. Revenues for the three months ended September 30, 2008 increased by $870,538 or 37 % over the comparable period in 2007. CIWM said the gain in revenues was because of an increase in its customer base and increased demand for its services among its existing clients along with a growing…

MondayNov 17, 2008 12:42 pm

F3 Technologies, Inc. (FTCH.PK) is “One to Watch”

F3 Technologies, Inc. (FTCH.PK), an Atlanta-based Software-as-a-Service (SaaS) development company and application service provider, is focused on providing on-demand internet solutions to consumers and small to mid-sized companies. The company’s flagship products include Ascend™ Global Business Solution, Interaction™ Community System, and Fargo Tube™. Ascend™ is full service on-demand business software designed to manage all organization-wide tasks on one unified technology platform. Interaction™ is full-service on-demand software designed to manage community associations and homeowner associations. Fargo Tube™ is a capitalized video sharing service that offers users numerous ways to get paid for their uploaded video content. According to Gartner, Software-as-a-Service (SaaS)…

MondayNov 17, 2008 12:08 pm

Week Begins with Erratic Session

Monday was a day of mixed news, trading, and feelings on Wall Street. In the morning, just as it appeared that Friday's downward momentum would continue, news of gains in the energy sector coupled with optimistic bargain-hunters influenced a strong rebound, but by 1:00 p.m. ET, stocks began to sink again. Again shortly after two-o'clock, the Dow attempted to break into green territory, but continued to face resistance near its open of 8,495 points. Other indices looked relatively flat when compared to some of the losses that were sustained last week. Let us hear your thoughts below:

MondayNov 17, 2008 12:08 pm

It’s Okay to Say ‘Recession’

As Americans, all of us are dealing with the adverse effects of a relatively deep recession, so why are policymakers so reluctant to even say the word? Today Japan, as a number of other nations have done, admitted that its economy was suffering from a recession, and yet the National Bureau of Economic Research (the group responsible for officially declaring the status of our economy) seems to be afraid of what might happen if they tell the truth. In a poll of some of America's leading financial analysts, 96 percent believe that a recession is already underway; of those, 75…

MondayNov 17, 2008 12:05 pm

Troubled Assets Relief Program (TARP) Remains Off-Limits to Auto Industry

Press secretary Dana Perino reiterated the Bush administration's official position on offering aid to the Big Three on Monday. The White House supports assistance for the troubled automakers, but not at the expense of September's TARP rescue package. Stating that TARP was only ever intended to re-inject life into a crumbling credit market, Perino said, "The auto industry is an important part of our manufacturing base, and we want the industry to succeed and compete in the global economy. We believe assistance should come from the program created by Congress that was specifically designed to assist the automakers -- from…

MondayNov 17, 2008 12:02 pm

Nanogen, Inc. (NGEN) Revenues Up, Costs Down

Nanogen, Inc., global developer of molecular diagnostic test kits, announced remarkable revenue and cost figures for the third quarter of 2008. Not only did revenues increase by a whopping 64% to $13.8 million compared to the same quarter in 2007, the company also managed to slash sales costs by 31%. The combination has accelerated the company’s move to profitability, especially in light of the recently announced plans to merge next year with French diagnostics company Elitech. Nanogen Chairman and CEO, Howard C. Birndorf, summarized the importance of the results. “Our third quarter results continue to show the excellent progress we…

MondayNov 17, 2008 11:59 am

China Yingxia, Inc. (CYXI.OB) Quarterly Revenues Double

China Yingxia International, Inc., provider of nutritional food products and supplements primarily for the Chinese market, announced a doubling of revenues for the third quarter ending September 30. Revenue shot up to $7.5 million, a staggering 112% from the same quarter last year, while net income jumped 88%, to $3.2 million. The increase is due largely to the growth in nutritional foods, an expanding area of focus for the company. China Yingxia expanded its sales channels during the third quarter of 2008, adding 146 new franchise stores. China Yingxia founder and CEO, Ms. Yingxia Jiao, commented on the good news.…

MondayNov 17, 2008 11:57 am

Stratos Renewables Corporation (SRNW.OB) Creates a Community Spirit with Local Residents

Stratos Renewables Corporation (SRNW.OB), a company focused on becoming a major force in the sugarcane ethanol industry in Latin America, continues to keep the community in mind even while it expands. To obtain property to grow and to create sugarcane crops, Stratos must create ties with residents to expand the needed acreage to produce ethanol. Stratos has the majority of its acreage in Lambayeque, which is a rural section of Peru with the best farmland in the country. As one of the oldest communities in northern Peru, Lambayeque has not changed much in the last 500 years. The people in…

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